Michael dell said today hes taking the company he founded almost 30 years ago private. Its a 24. 5 billion Deal Offering dell investors 13. 65 per share. Now, at one point, dell was the largest p. C. Maker in the world, boasting market capitalization of more than 100 billion. Now, it sits behind apple, Hewlett Packard and lenovo, valued a fifth of what it once was. Ruben ramirez begins are coverage. Reporter michael dell admits he missed the consumer shift away from the p. C. To tablets and smartphones, but todays announcement his company is going private doesnt necessary address how dell is going to try to capture those markets. They want to continue to be a hardware player, but the question is, whats from here . Where do you go . Do you move just into software and services and try to get those higher margin sales . Or do you try to continue to be both players . Where do you go . Reporter the deal brings together more than a half dozen parties. The three Main Partners are Company Foun
Computers still make up half of the companys business, and analysts say going private could make it easier for the company to restructure and make the critical shift to mobile without the glare of wall street investors. Ruben ramirez, n. B. R. , new york. Susie David Garrity joins us now with more on dell. He heads up his own Technology Research firm, g. V. A. Research. Susie so, david, the big question of the day, today was what can michael dell do with his Dell Computer company as a private company he couldnt do as a Public Company . Whats different, really . Out of the public eye, dell can go through some fairly wrenching shifts in terms of the mix of business the company has, and be able to do so without necessarily having to essentially hold the hand of Public Sector equity investors. From that standpoint, we can look at a fairly strong deemphasis of the customer p. C. Business. The company will most likely stay with the enterprise. But what the company does in terms of trying to
Computers still make up half of the companys business, and analysts say going private could make it easier for the company to restructure and make the critical shift to mobile without the glare of wall street investors. Ruben ramirez, n. B. R. , new york. Susie David Garrity joins us now with more on dell. He heads up his own Technology Research firm, g. V. A. Research. Susie so, david, the big question of the day, today was what can michael dell do with his Dell Computer company as a private company he couldnt do as a Public Company . Whats different, really . Out of the public eye, dell can go through some fairly wrenching shifts in terms of the mix of business the company has, and be able to do so without necessarily having to essentially hold the hand of Public Sector equity investors. From that standpoint, we can look at a fairly strong deemphasis of the customer p. C. Business. The company will most likely stay with the enterprise. But what the company does in terms of trying to
Its a 24. 5 billion Deal Offering dell investors 13. 65 per share. Now, at one point, dell was the largest p. C. Maker in the world, boasting market capitalization of more than 100 billion. Now, it sits behind apple, Hewlett Packard and lenovo, valued a fifth of what it once was. Ruben ramirez begins are coverage. Reporter michael dell admits he missed the consumer shift away from the p. C. To tablets and smartphones, but todays announcement his company is going private doesnt necessary address how dell is going to try to capture those markets. They want to continue to be a hardware player, but the question is, whats from here . Where do you go . Do you move just into software and services and try to get those higher margin sales . Or do you try to continue to be both players . Where do you go . Reporter the deal brings together more than a half dozen parties. The three Main Partners are Company Founder michael dell, who will contribute a combination of stock and cash he will continue
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. Computer maker dell strikes a 24 billion deal to go private. What the buyout means for investors and the technology industry. Susie the u. S. Government wants as much as 5 billion from standard and poors, officially accusing the Credit Ratings agency of fraud during the housing boom. Tom and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. Susie that and more tonight on n. B. R. Tom a bold new chapter for computer maker dell was opened today. Michael dell said today hes taking the company he founded almost 30 years ago private. Its a 24. 5 billion Deal Offering dell investors 13. 65 per share. Now, at one point, dell was the largest p. C. Maker in the world, boasting market capitalization of more than 100 billion. Now, it sits behind apple, Hewlett Packard and lenovo, valued a fifth of what it once was. Ruben ramirez begins are coverage. Reporter michael dell adm